Primoris Services Corporation
In the published model solve dated 2026-Q2, anchored at $72.65, Primoris Services Corporation (PRIM) is priced for +17.2% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- Primoris is an infrastructure contractor split between Utilities at about 42% of the business and Energy at 58%, with a total backlog near $11.6 billion. The Utilities segment, tied to power delivery and grid work, is the higher-quality, growing piece. - The balance sheet is a standout: net debt is only about 0.25 times operating income, an unusually conservative position for a project-based contractor, which gives it room to fund growth and acquire. - At $101.22 the price embeds about 18% ope
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492 institutional managers reported holding PRIM in 13F filings for the quarter ended 2026-03-31. 88 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (1.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PRIM's share count grew 0.7% over the past five years even with $5.99M spent on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting); the current rate is $0.32 a share annually. Cash returned over the past three years: $40.87M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PRIM over the trailing three years: 2025: 1 buy totaling $2k; 2026: 1 buy totaling $2k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PRIM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +5.7% | -4.5% |
| 2023-11-09 | +1.5% | +7.7% |
| 2024-02-28 | -5.4% | +15.9% |
| 2024-05-10 | +5.1% | +4.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PRIM's latest 8-K filings: 2026-08-31 (items 5.02, 9.01); 2026-08-04 (items 2.02, 8.01, 9.01); 2026-06-22 (items 2.02, 5.02, 7.01, 9.01); 2026-05-05 (items 2.02, 5.02, 5.07, 8.01, 9.01); 2026-03-17 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.